Member Info for dai2belts

I hope all 3 do, especially that one in the middle
Its always cheers me up when people do well
Those who dare..

Well Iceman has called it right, against fundamentals and TA, its been an opportunity to sell and buy back in lower, could still be, but it will go up if I try it now.. its going up anyway imo
I just hope I dont miss the dip as well, got 2 shares I would consider swapping at a good price..
Just wondering what the first day of the week is going to do, we have had some big rises after the weekend..

Target or floor, 30p is conservative now, 30.5p
I think a lot has changed after the infill, Tai was small and is now a 10km^2 closure, will need up to 7 wells, that plant will eventually be running at optimal capacity probably 700mmcf/y, 2xISO containers a day. Thats a guesstimate, the report suggests cost efficiencies reduce above that ..

They also mentioned but did not name other sites were included in the infill, or the extra 50km the infill results persuaded them to do.
Plan B was to move to one of the other fields, but now its to re-evaluate what they know and understand then apply that learning to Rukwa again.
No mention of short term goals such as selling, just becoming the price setter and supplying helium to the world for decades..
Thats some vision..

Mr Green, thats a great article, paints a picture of a great future along with DMs comments about Tanzanians having qualified and skilled positions in the plants for decades...
President Samia Hassan plans to strengthen Tanzania’s economy through the further development of mining and extraction in the country
Projections have determined that President Hassan’s plan to capitalize on Tanzania’s natural resources will be successful.
She has used her new role to support Tanzania’s mining industries, most importantly in helium extraction which should increase economic growth considerably.

Whoops, well thats one I have not seen, sorry..
Still not on youtube, but found this 10 minutes video while looking
https://www.youtube.com/watch?v=X1zJotUh2Oo

https://www.youtube.com/watch?v=KKOXwTeg61s&t=156s

He sounds really positive about the future, not even the slightest sign of maybe if..
He wanted to tell us a secret at the end, biting his lip ;)

For those who missed the presentation and did not set up an account to view..
https://www.youtube.com/watch?v=HB7VgIBNBWg

So plan B is now plan C, plan B is Rukwa 2..
That infill has found something..

looking through H&P doc
Tai being 2x5 or 10km^2 suggests its amongst the largest closures, requiring up to 7 wells.
The 3 largest are P50 rated has having + 15bcf, 4th +10bcf
If Tai has closer to 10% helium, than 4%, it will probably do that 18bcf on its own..

https://www.ox.ac.uk/news/2016-06-28-huge-helium-discovery-life-saving-find

Helium samples are 10%

Discovery

Everyone has different goals, and different out goings, if this only gets to a £1 having 1M shares would be nice, if it gets to +£3 you have plenty now.. if you listen to the interview He1 plans are to be No1, thats how I read it...

DM talked about having multiple processing plants, providing jobs for years. I envisage plants in all three fields, I think 300K shares could make £1M in time...

The question I am asking now is as we approach June will we pass that 24p peak, and head for 30p.. Will we pass 24p a number of times...If so it does not matter if you add more sub 20p, as long as you sell later at a higher price.
If it floats around 20p for a few weeks there is no rush to buy, if it drops mid teens in the mean while more than you have more buying power.. Those extra shares will make a difference pay day..

Sounds like he has a nice choice of trapping styles, in different layers, still no mention of a 4th well(maybe confident not needed), the other 3 have multiple targets, I think he will be hosting that party, I have money on it...

Here is the Eyasi Update RNS so you can compare project progress between Eyasi and Rukwa.
It full of good stuff, extra info, like Rukwa "Returns of helium gas within drilling mud will be constantly monitored with updates on helium shows provided as appropriate as drilling advances."

https://www.lse.co.uk/rns/HE1/eyasi-project-update-ukllop8aor48u4p.html

Think DM said , Rukwa already had lots of data, a more advanced project and better infrastructure

@DeepBlueDiver, good timing as I am about to go for a walk, and think about share swapping, so it could recover before I get back..But really I have enough, PF is unbalanced, but positively

@noix, I remember going against the share price thinking if everyone is buying day after day its going to go up, I was wrong..It did but a long time later..
The error should average out, maybe there are not enough trades for that to happen or more likely the spread does not reflect the best prices on quote..I do wonder if the spread is manipulated a little to make things a hazy

It happens often, then the other being buys+sells only equaling say 2/3 of total volume.
Here its a lot more accurate..
So dont use just the single fact it appears everyone is buying to follow suit when the price is going down